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Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is publishing two new Frequently Asked Questions (FAQs) to provide guidance on (i) U.S persons’ ability to receive payments of principal and interest from blocked persons listed in General Licenses (GLs) 12C, 14, and 15 for a preexisting loan or bond, and (ii) the sanctions implications for a foreign company paying dividends to a blocked person who is a minority shareholder.
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